Post
Topic
Board Bitcoin Discussion
Re: Really good pic that showcases Bitcoin's money features vs fiat and gold
by
98789
on 03/01/2016, 23:37:49 UTC
Where did you find this? I've seen it somewhere but I don't remember.

I think there are a few issues with this image.
Bitcoin isn't necessarily fungible. Apparently people are willing to pay more for newly generated "clean" Bitcoin than they are for used and "dirty" Bitcoin.
Also Bitcoin isn't all that durable. Accidentally hit one button and you could lose all of your Bitcoin forever
I would say that gold is easily transactable. It is fairly easy to hand over a chunk of gold.
Also I would say that gold is not easy to counterfeit. How does one exactly counterfeit gold?

The picture portraits gold as moderately secure, false gold is very common (of course it is usually possible to distinguish real from false, as you can differentiate real bills / coins from false ones).

I do agree with most people here that it is only showing the postive aspects of Bitcoin (and, possibly, exaggerating them), but let's be honest, that usually happens with this kind of pictures (just google "how *whatever* is superior to *whatever else*" and you will see the same tendency). I have to say that I like that Bitcoin enthusiasts are not blind worshipers like people in other groups (vegans, to give a clear example).